https://www.taxtmi.com/caselaws?id=257175 The Tribunal partly allowed the appeal, ruling in favor of the assessee on the issues of Arm's Length Price (ALP) of interest receivable, treatment of sales tax deferral liability surplus, and recalculation of book profits under Section 115JB. However, the reclassification of certain items for additional depreciation was upheld. The Tribunal determined that benchmarking international transactions with international rates was appropriate and dismissed the TPO's adjustment. en-us Tue, 30 Dec 2014 00:00:00 +0530 Wed, 04 Mar 2015 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257175 The Tribunal partly allowed the appeal, ruling in favor of the assessee on the issues of Arm's Length Price (ALP) of interest receivable, treatment of sales tax deferral liability surplus, and recalculation of book profits under Section 115JB. However, the reclassification of certain items for additional depreciation was upheld. The Tribunal determined that benchmarking international transactions with international rates was appropriate and dismissed the TPO's adjustment. Case-Laws Income Tax Tue, 30 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257175